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The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD)…
https://www.marinelink.com/news/former-marad-deputy-administrator-sang-yi-538764
https://www.marinelink.com/news/former-marad-deputy-administrator-sang-yi-538764After Pacific market strength that has exceeded seasonal norms, Panamax earnings are set to rebalance as a rise in ships discharging in China boosts supply in the Pacific, and strength in Capesize and Supramax earnings offers upside potential for the Atlantic. The Panamax Atlantic round-voyage rate has been at a discount of at least $1,500/day ...
https://www.hellenicshippingnews.com/the-panamax-market-a-supply-side-story/
https://www.hellenicshippingnews.com/the-panamax-market-a-supply-side-story/Greek tanker owner Okeanis Eco Tankers has lined up $190m in new loan facilities to fund vessel acquisitions and buy back ships tied to sale-and-leaseback deals. The New York- and Oslo-listed company, controlled by the Alafouzos family, confirmed it had signed three separate agreements with a mix of Taiwanese and Greek lenders. The largest tranche, …
https://splash247.com/okeanis-eco-tankers-locks-in-190m-financing-for-tankers-and-leaseback-exit/
https://splash247.com/okeanis-eco-tankers-locks-in-190m-financing-for-tankers-and-leaseback-exit/Equinor has extended a raft of drilling and well service agreements on the Norwegian continental shelf, committing around NOK 17bn ($1.83bn) to keep activity levels high and production steady in the years ahead. The Norwegian major exercised one-year options under three integrated drilling and well services contracts, alongside two-year options across 18 corporate framework agreements …
https://splash247.com/equinor-rolls-over-1-8bn-in-drilling-and-well-service-deals/
https://splash247.com/equinor-rolls-over-1-8bn-in-drilling-and-well-service-deals/South Korea’s KSS Line has moved to expand its LPG carrier fleet, placing an order for three very large gas carriers (VLGCs) in a deal worth around $342m. The owner has contracted HD Korea Shipbuilding & Offshore Engineering (HD KSOE), with construction to be handled by HD Hyundai Heavy Industries. The 90,000 cu m vessels …
https://splash247.com/kss-line-books-trio-of-vlgcs-at-hd-hyundai/
https://splash247.com/kss-line-books-trio-of-vlgcs-at-hd-hyundai/Knutsen NYK Carbon Carriers (KNCC) is moving further into the centre of Europe’s emerging carbon transport network after joining Aker Solutions and Vår Energi CCS in a new framework aimed at building an integrated CO2 value chain in the North Sea. The three parties have signed a memorandum of understanding to develop the Trudvang CCS …
https://splash247.com/knutsen-nyk-carbon-carriers-moves-deeper-into-north-sea-co2-shipping-push/
https://splash247.com/knutsen-nyk-carbon-carriers-moves-deeper-into-north-sea-co2-shipping-push/Diana Shipping has taken its takeover fight for Genco Shipping & Trading straight to shareholders, launching a tender offer to acquire the US-listed bulker owner for $23.50 per share in cash after months of failed engagement with the board. The Athens-based owner, which already holds about 14.8% of Genco, said the offer values the target …
https://splash247.com/diana-takes-hostile-route-in-push-for-genco/
https://splash247.com/diana-takes-hostile-route-in-push-for-genco/An Israeli court has extended by two days the detention of two activists arrested aboard a Gaza-bound flotilla that was intercepted by Israeli forces in international waters near Greece, their lawyer said on Sunday.Saif Abu Keshek, a Spanish national…
https://www.marinelink.com/news/israel-court-extends-detention-gaza-538723
https://www.marinelink.com/news/israel-court-extends-detention-gaza-538723The Swedish Coast Guard said on Sunday it had seized a tanker in the Baltic Sea believed to be part of Russia's shadow fleet, the latest in a string of similar actions carried out in recent months by the country's authorities.The Swedish Coast…
https://www.marinelink.com/news/swedish-coast-guard-seizes-shadow-tanker-538724
https://www.marinelink.com/news/swedish-coast-guard-seizes-shadow-tanker-538724Orient Express Corinthian, the world's largest sailing yacht, has been named in Saint-Nazaire, France.The vessel is the result of a collaboration between Orient Express and Chantiers de l'Atlantique. She is the first cruise ship equipped with the SolidSail wind propulsion system…
https://www.marinelink.com/news/worlds-largest-sailing-yacht-named-france-538726
https://www.marinelink.com/news/worlds-largest-sailing-yacht-named-france-538726